Focus Is On The January High......>

EUROSTOXX50 TECHS: Focus Is On The January High

*RES 4: 3900.00 Round number resistance

*RES 3: 3850.59 0.764 projection of Oct 3 - Nov 19 rally from Dec 3 low

*RES 2: 3813.80 High Jan 17 and key bull trigger

*RES 1: 3808.74 High Feb 6

*PRICE: 3793.18 @ Close Feb 10

*SUP 1: 3717.72 Low Feb 5

*SUP 2: 3639.44 Low Jan 31 and key support

*SUP 3: 3625.00 Low Dec 10

*SUP 4: 3594.80 Low Dec 3

EUROSTOXX50 outlook is bullish with the index trading at the upper end of last

week's range. A number of important short-term resistance levels were breached

last week with attention now on the January 17 high of 3813.80. This level also

marks the bull trigger. A break here would confirm a resumption of the broader

uptrend opening 3850.59, a Fibonacci projection level. The Jan 5 low of 3717.72

marks initial support.